Using your tactics Peat - off to bed with the SL at entry +20, and
a tongue in cheek TP at +250. Didnt expect to find it taken - should
have left it open - but you know what happens when you do that.
I was long Euro from lower levels but i got shaken out at 1.3575.i am dubious as to just how high the Euro will go,all the data out of there is dismay as was the news Friday nite,having said that there is no meaningful reversal yet and price is always king
...after 3 cent surge, USD looks like on its way to challenge 92.63 level...
...sweet, as long as key level remains *83.7 on downside
-demand for USD remains high globally as a safe haven bet as well as being the denominated currency of global issued debt
-NO INFLATIONARY PRESSURES due to huge gap in global economic output (DEFLATION)
-due to global QE to close global output gap, erecting protective tariff barriers, as well as competitive currency devaluations avoided
-expect NZD to depreciate (more rate cuts as well as QE) as further appreciation of exchange rate would be deflationary to the struggling NZ economy
Trading Strategy: long USD/NZD
Kind Regards
Last edited by ananda77; 29-03-2009 at 08:30 PM.
Reason: correction
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Into cloud resistance on 1h and 4h it looks like the grey box could be the maximum test area of the thick Kumo which has turned bearish going forward. If we see a turnaround at this point it could be followed by a circa 300 pip fall onto supportive Kumo on daily TF. However, if the action penetrates the Kumo, it could be a different story
Originally Posted by arco
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